According to data obtained from the Central Bank of Nigeria (CBN), Africa’s biggest oil producer has exceeded its revenue target for 2019, racking in a total of N4.6 trillion from Petroleum Profit Tax (PPT) and Royalties in Nigeria oil and gas sector in the first eleven months of 2019, According to the proposed budget of […]

The acting Director-General of the Securities and Exchange Commission (SEC), Mary Uduk, has disclosed that outdated accounts would be suspended as SEC makes effort to settle unclaimed dividends in the capital market. Ban on outdated accounts: Uduk said new initiatives would be implemented to curb unclaimed dividends in 2020. She also said that to resolve all issues and

It is pertinent to highlight that, save for the positive net flows recorded in August and September, foreign investors have been net sellers of Nigerian equities in every other month in 2019, suggesting that their appetite for Nigerian risky assets has been largely underwhelming. In our view, we think absence of structural reforms in strengthening the resilience

The Federal Government of Nigeria has stopped the additional N50 charge currently being imposed on transactions carried out through Point of Sales (POS) Terminal. In a directive issued by the Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday obtained by Nairametrics, the recent circular released on POS transactions’ charges by the Central Bank is to